While most investors will greet inflation as bad news, moderate, consistent inflation is healthy for the economy, promoting productivity and driving demand and consumption. However, high inflation can also erode the value of cash – often at a much quicker rate than income increases. Other assets, however, can grow with and even outpace inflation.
Whether you’re just starting out on your trading journey or in the market for a new broker, it’s important to consider your trading profile when deciding on a brokerage to open an account with. This means listing your habits and needs as a trader and seeing if any potential brokers meets those needs. Are you a scalper with a need for speedy execution and low spreads? Or perhaps you’re of the Muslim faith, and require an Islamic trading account. Or maybe you wish to trade commodities in addition to Forex. These are all considerations to make before you open an account with a brokerage – here’s our guide to what to look out for.
To say that 2021 has been an eventful year would be an understatement. There have been plenty of highs and lows, with markets weathering storms and coming out on top. We saw inflation and cryptocurrencies hit long-time or unprecedented highs, while the equities market also had its fair share of twists and turns.
Now that you’ve decided to embark on your investment journey, it’s time to pick a broker or trading platform with which to conduct your investments through. There will be a large number of options to choose from, with most offering some kind of incentive to register, from deposit bonuses to low trading prices designed to attract customers. While the promise of monetary benefits might be a significant draw, what is more important is having a regulated, reliable broker.
As with any endeavour, being prepared is key to success. One of the most important things for a beginner trader is having sufficient knowledge and understand about the market. Thankfully, there are plenty of resources online, like PU Prime’s own trading tutorials and webinars, that can help you get started. Take the time to understand the lingo, workings, and strategies for Forex trading; and try your hand at a demo account before embarking on trading.
While PU Prime puts a vast amount of resources at your disposal, the large amount of information available might be a little daunting to navigate for the beginner trader. Here, we break down the available resources, and how you can use them to make informed decisions about your trading.
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Contact us to find out more about our various trading platforms. Our friendly support teams are always on standby to provide advice or information.
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